In my view the biggest thing holding back barter with silver in society today is the cost of fractional silver.
For instance right now at Apmex one of the biggest suppliers of silver in the nation, 1/10th ounce silver is 3.47 a piece in a quantity of 50. 3.47 x 10 is 34.70 an ounce. Do the math and that is what? 13.27 an ounce above spot based on the silver price of 21.20 at the time I am writing this post
The reality is minting 1/10th ounce silver is really tedious and it has always driven up the cost. Now Mulligan Mint has driven it down, comparing the math on just 50 pieces of 1/10th of an ounce pieces works out this way, before any volume discounts or member discounts for my members.
Right now you can get a roll of ParaDIMES from Mulligan Mint with the following pricing
- 1 to 5 rolls – market + $5.50 per ounce
- 6 to 19 rolls – market + $4.50 per ounce
- 20-99 rolls – market + $3.50 per ounce
- 100+ rolls – CALL 888.299.4399 to make a deal! (tell them you are with TSP Please)
These prices are a fraction of what APMEX charges. Even in low quantities the premium over spot is $5.50 an ounce vs. $13.27. Do you realize how big of a deal this is?
However remember how when we had all our silver at TSPMint.com, I had a special deal for your guys in the MSB? Well I got that deal for you again, the discount on TSP One Ounce Medallions is 1 dollar per piece off. That deal has returned and is now again in the MSB.
I did you one better though, I got you a second deal this one on ParaDIMES all orders for them using the MSB Discount code get 2.50 per roll off that is a discount of 50 cents an ounce on the over spot pricing.
There is only one down side, due to the way the shopping cart works for the website you can’t use two discount codes on one order. So if you wanted some 1 ounce rounds and some ParaDIMES you could either choose the bigger discount or place two orders.
Discount codes for the above are in the MSB at this time.
PS – As many of you are aware Mulligan Mint and Rob and David Gray have been under heavy attack as of late. Based on how involved I was I felt it necessary to speak up about what I knew early on and as recent as last week.
Of course my name has been attacked due to that, mostly by cowards who love to speak aggressively via the internet where everyone is a hero and a warrior. In any event I have said my piece and hope to not have to say much more.
I wanted to say though that while not out of the woods yet, Mulligan Mint did just reach a major negotiation milestone with Republic Metals. I continue to monitor the situation and can tell you that the mint now has a clear path for at least the next 7 weeks. What they now need are orders, they are shipping much quicker then in the past. As always at anytime that I ever feel any listener would be at any risk of loss in placing an order I will tell you.
I am in this fight with my friend Rob until the end, whatever may come but will never put my listeners are any major risk should I become aware of one.
Also many have wanted Rob to tell his side of the story, he has now done so.